Catamaran to boost manufacturing bets

Catamaran is focused on a few areas in manufacturing, such as aerospace

- Rwit Ghosh

Deepak Padaki, president, Catamaran Ventures.

Billionaire N. R. Narayan Murthy's family office, Catamaran Ventures, plans to make more growth-stage equity bets in manufacturing, a top executive at the firm said on Wednesday.

"Our thesis is based on the view that over the next 5-10 years in India, from a wealth and job creation perspective, the country needs to develop its supply chain for precision manufacturing," Deepak Padaki, president at Catamaran Ventures told Mint.

Murthy, a co-founder of information technology services bellwether Infosys Ltd, is chairman emeritus of Catamaran.

Over the last year, several funds have been deepening their focus on manufacturing as a sector, with some launching new funds to narrow down on the industry's potential. Much of this is backed by private equity and venture capital's belief that manufacturing and supply chain companies are going to be what pushes India to become an export-led economy.